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1.02 Types of Business

Across
A contractual agreement to operate a business.
Person who is the operator of a Franchise.
Business owned by one person.
Owner is responsible for debts and could lose personal assets to satisfy liabilities.
A share of profits paid to stockholders.
Down
Business owned by many people.
Document filed with a State to start a Corporation.
Two or more people own the business.
If a company has debts the owners can only lose their investment.
The Parent Company of a Franchise.